Overview of Brazils macro environment

Overview of Brazils macro environment Being one of the members of the Big Four BRIC countries, Brazil experienced the economic downturn and bust and has been hampered by excessive indebtedness and high inflation in the past. Since 1990s, Brazil has implemented numerous policies with government and authorities support to launch the reform. Brazils economies started to growth rapidly after policies and stabilization plan were implemented. Moreover, the ongoing sound marco-economic and social policies have extended the period of stability, growth and social gains (WorldBank, 2010). Thus, the continuous development of its interior for hosting the World Cup and Olympic Games in 2014 and 2016 respectively can pursue industrial and agricultural growth. With the vast natural resources, labor pool and trading opportunities to other foreign countries therefore significantly increased in Brazil and more foreign investors were attracted. Nowadays, it has become a regional leader with leading economic power of South America that is one of the first in the area to begin an economic recovery (InvestorPlace, 2010). Overview of Brazils macro-environment In this section, it is going to overview Brazils macro environment by applying PEST analysis and the few aspects are being discussed as follow. PEST Analysis PEST analysis is analyzing the external environment which is analyzing the factors of Marco-environment. It includes Political factors, Economic factors, Sociological factors and the Technological factors (Jobber, D., 2004). Political Factors Refer to Figure 2.1, Brazil has the stable political climate which under the leadership of the communist party. The legal system of it is based on the Roman Codes (CIA, 2010). Brazil has 26 administrative divisions and the government is divided into executive branch, legislative branch and judicial branch (CIA, 2010). In addition, it perceived the corruption problem as ranked 75th position out of 180 nations of the transparency Internationals 2009 Corruption Perceptions Index (Transparency, 2010). In addition, Brazil involved within the free trade agreement that is signed by the United States, Central America and Dominican Republic which benefited Brazil for trading opportunities (BusyTrade, 2010). Furthermore, it launched the Growth Acceleration Plan in 2007 to develop and steady the economic growth (WorldBank, 2010) Being one of the emerging economies in the world, Brazils economy is growing at a moderate but steady level with continuous growing GDP. Refer to Figure 2.2 which is figured out that the GDP of Brazil is constant growth during 2000 to 2007 significantly.and maintained the sustainable growth to 2008. From Figure 2.3, Brazil weathered the global financial downturn with relatively minor impacts.  The country was one of the last to fall  into recession in 2008 and among the first to resume growth in 2009. With the large growth in agricultural, manufacturing and mining, it ranked highest among the South American countries with the strong position in the global economy (Tradingeconomics, 2010). Brazil is the largest national economy in Latin America, the worlds tenth largest economy at market exchange rates and the ninth largest in purchasing power parity (PPP), according to the International Monetary Fund and the World Bank. It has large and developed agricultural, mining, manufacturing and service sectors, as well as a large labor pool. Thus, the expanding of its presence in international financial and commodities markets can help Brazils economic keep on growth Refer to Figure 2.4, the interest rate in Brazil is kept on declining as to attract more foreign direct investment. The government lowered down the interest rate, in consequence, to lower the inflation rate. From Figure 2.4, Brazil suffered serious inflation rate in 2008. However, it declined during 2009. The latest inflation rate is 4.6% in July of 2010 which means the prices measured against the standard purchasing power is still high. According to Figure 2.6, about currency convertibility, Brazil allows its currency to adjust in value in foreign exchange markets so long as the fluctuations in value. From Table 2.7, the mid-year population is 201,103 thousands and ranked 5 out of 238 countries (CIA, 2010). Brazil was one of the largest population countries in the world. The growth rate of 2010 is 1.2 which was lower than 1995 and 2005. The nationality of Brazil was Brazilians (CIA, 2010) and the religions were mainly Roman Catholic (CIA, 2010). The languages of Brazilians were Portuguese (CIA, 2010). From Figure 2.8, Brazil does not suffer from aging problem. And the birth rate was maintained from 2009 that 18.43% in Figure 2.9 (UNICEF, 2010). Together with longer life expectancy with the index of life expecting at birth in 2008 is around 71.99 years old as maintained (UNICEF, 2009). The labour force is 101.7 million in 2009 that ranked 6th out of 228 countries (CIA, 2010). The unemployment rate is kept on dropping in these 2 years as refer to Figure 2.10. The role of female and male are vary by social classes (EveryCulture, 2010). Most of the Brazilian women had jobs outside home and employed in low-skill or low paying jobs (EveryCulture, 2010). It meant that there was no gender equality in that society. Source: Tradingeconomics, 2010 Despite the poverty ratio is decreasing as refer to Figure 2.11, Brazils inequality levels remains among the highest in the world. Many people still live in poverty with social exclusion is quantitatively and qualitatively pronounced and structurally ingrained (WorldBank, 2010). Technology Factors Brazil is a leader in science and technology in South America and in some fields as a global leader. About the technological research is largely carried out in Brazil which is mainly supported by government. Furthermore, the Brazilian information technology market is the largest in Latin America and the spending on IT product and services is expected to increase positively. Together with the expending economy lifting millions into middle class for whom computers are no longer beyond reach. Brazils IT services market is expected to continue to grow strongly in 2010, with total spending of around US$9.4bn as the economy continues to bounce back from recession. For a developing market, the percentage of Brazil IT market revenues generated by services is high at around 38%, which corresponds more to developed market levels. Brazil government supported the technology development by providing the funding as it was the leader of science and technology development in South America. Refer to Figure 2.12, Brazils research and development is keen on innovation of technology infrastructure. Ideological Factors Brazilians had the strong national ideology that they called their land as the racial democracy (EveryCulture, 2010). They were seldom judge on the black and white people but classified racially depend on the social classes (EveryCulture, 2010). As a result, it meant that Brazilians were having heavy concepts on the social classes. Brazils Trade, Investment and Migration Pattern Brazil is in Group 4 which is the nearly new industrialised economies with the average growth rate in pass decades (Thompson, G., 1998). Agricultural was playing an important role in Brazil. However, Brazil is turning from agricultural to industrialization. Agricultural should be a critical role to Brazil (Balassa, B., 1998). As a result, in order to develop the economics, Brazil needed to import the industrialization subsidiaries such as machinery and equipment. By the trade theory, the comparative advantage of the nation is determined by factor endowments (Thompson, G., 1998). During the process of industrialization, the structure of comparative advantage shifts from simple, labor-intensive product to sophisticated capital and technology-intensive product (Thompson, G., 1998). As a result, Brazil as the latecomer industrialization (Thompson, G., 1998) begins to import the products from the advanced nations such as United States. The following are the indicators of imports and exports by values. From Figure 3.1, Brazils value of exports and imports is sustainable growth during 2007 to 2008. As the brought down by weaker economic activity and lower global commodity prices drive the total exports fell by 22.7% (in US dollar terms) and imports by 26% as economic recession (CIA, 2010). Furthermore, Brazils export major commodities are transport equipment, iron ore, soybeans, footwear, coffee, autos is ranked 26th when compare to the universal. And import major commodities are machinery, electrical and transport equipment, chemical products, oil, automotive parts, and electronics (CIA, 2010). Investment pattern In Latin America, Brazil is the largest recipient of foreign direct investment (FDI) as Brazil is open to and encourages foreign investment. Only generate the domestic savings is not sufficient for sustainable long-term growth in Brazil (Investorplace, 2010), thus must continue to attract FDI. Together with the legislation promoting public-private partnerships and infrastructure development program known as the Growth Acceleration Program can boost Brazils economic. From Figure 3.2, the foreign direct investment climate was not stable during 2002 to 2009. There are undulated changes during 2007 to 2009 because of low labour cost and rich natural resources, hence, many foreign direct investments were attracted to invest in Brazil. For many foreign direct investors, the most attraction point was the growing local market and policies that encourage the foreign investment (Hubpages, 2010). The largest single source of the foreign investment in Brazil was the United States, then Germany, Japan as follow (Hubpages, 2010). Moreover, the biggest foreign direct investment activities were invested in manufacturing (Hubpages, 2010). In 2014 and 2016, it is going to held World Cup and Olympics encourage the investment through tourism sector (InvestBrazil, 2010). Migration pattern As economic growth, Brazilian started to move to urban to have a better living environment. There were two factors driven the movement, push and pull factors (Thompson, G., 1998). Push factor was Brazilian to avoid poverty and poor living standard. Pull factor was Brazilian to improve the living environment. As a result, there is now 88% of population is classified as urban (CIA, 2010). Only a few percent were still living near the coast. The net migration rate was -0.09 migrants/1,000 population (CIA, 2010). Relationship between Brazil and the international environment Political Factors In 1990, Brazils government has radically changed the framework conditions for industrial development accompanied by technology and industrial policy programs. Moreover, Brazil is gradually opening the market to foreign competitors that remarked few regulations on trade and investment from foreign countries, thus creating an environment that requires international competitiveness and thereby forces companies to attain international levels of quality and efficiency (BrazilGov, 2010). There are a number of implications that Brazil is implementing to control the Foreign exchange rate of currency with the policies and action programs. Moreover, the presence of legal and regulatory trading protection for foreign investor doing business in Brazil. As refer to Figure 4.1, Brazil was ranked 73th out of the 183 best practice economies countries (IFC, 2010). Together with foreign direct investment and government support that has mobilized a significantly large amount of capital to upgrade the infrastructure of interior (FloridaBrazil, 2010). Economical Factors Despite the economic crisis, Brazils GDP showed continued growth through 2007-2008 while other regional countries GDP declined (Worldbank, 2010). In addition, the steady growth with strong consumer spending and job creation that stability of living forming a healthy economy, hence, Brazil certainly attract the foreign investors to catch up the business opportunity (Obelisk, 2010). Brazil with large growing in agricultural, manufacturing and mining, thus, Brazil is keen on performing its potential to being emerging market. As a result, Brazil ranks among the 10th richest nations of the world by GDP and has maintained the lowest external debt when compared to other regional countries (SloanCenter, 2010). Sociological Factors Brazil is one of the countries that has the largest population of the world with around 102 million labor force that ranked as 6th when comparing to the world as shown in Figure (CIA, 2010). Ideological Factors Brazilians had strong sense of national ideology that proud of their countrys natural resources and diverse culture (EveryCulture, 2010). Besides, Brazilians are welcome the foreigners to travel and invest in such robust emerging market (FloridaBrazil, 2010). Foreign Relations Brazil is a community leader in Linter American with collective security efforts in economic cooperation of Western Hemisphere (BrazilGov, 2010). Moreover, as a member of Organization of American States and Inter American Treaty of Reciprocal Assistance that can figure out that Brazil has potential to expand relations with its neighbors (BrazilGov, 2010). In addition, Brazil is a founding member of the Latin American Integration Association and Union of South American Nations that has been a leader of G-20 group of nations (BrazilGov, 2010). In 2009, Brazil not only became a creditor country that trading with United States, Western Europe, and Japan, but also China is a growing market for Brazilian exports. Characteristics and Challenges of macro-environmental factors towards the trade, investment and migration patterns of emerging markets Main drivers for doing business in Brazil Brazil is the 5th largest economy with population of 198 million. Many local companies are undervalued and in need of restructuring, capital and technology Growth potential and consumer market Broad industrial base and infrastructure, and a diversified economy Creativity and flexibility of labor force, coupled with its competitive cost basis Abundant agricultural, mineral and energy resources and potential Established transportation networks (railways, highways, ports) and distribution channels in most industrialized areas Privatization in late stages and follow-on transactions still in development Inflation under control in the last 10 years Increasing globalization and international trade, with Government policies favoring exports Foreign investors are eligible for most available fiscal incentives Goodwill generally tax deductible New regulations favoring minority shareholders Improvement in local capital and debt markets Main Challenges of doing Deals in Brazil Complex tax and employee related regulatory environment, with high taxes and social charges on payroll, sales and income Multiple taxes with fast changing legislation affecting business plans and increasing risks of contingencies Economic environment still considered volatile as compared to more stable economies Fast-changing business conditions Lack of local financing coupled with high real interest rates Quality of historical financial information affected by fluctuations in exchange rates and Generally Accepted Accounting Principles differences Complex transfer pricing and foreign capital registration rules Difficulties in reorganizing companies quickly, including high costs for employee terminations Important cultural peculiarities, including a different perception of the due diligence process Sometimes the  ³know-who ´ is more important than the know-how in the local market Considerable bureaucratic rules and regulations for certain businesses and industries High demand for investments in the distribution channels and infrastructure Semi-skilled and unskilled labor in certain developing areas Social extremes with unequal distribution of wealth a significant portion of the Population not participating in the consumer market Justification of selection of Brazil There are many reasons of choosing Vietnam and going to identify its economic future as emerging market. First, Brazil has strong commitment that has made significant progress in developing a sustainable investment market over the last decade and rightly deserves its reputation as the leader among emerging economies in this regard. These achievements can proofed that foreign investors are tend to doing business in Brazil as refer to Figure 6.1, 6.2. Second, the evolution of a sustainable investment market by Brazil has led other emerging markets to focus on the same issues and goals. Third, Brazil has strong business case that importance of sustainability in business and investment in Brazil that provide stable political climate and facilitated rules and regulations that maintained the economy steady growth. Finally, Brazil demonstrated impressive courage, determination, flexibility, and creativity in sustainable future. Together with Brazils stable economic and political environment that liberal investment and governments commitment to economic reform can direct Brazil being success. In order entering into Brazil, 4P is playing an important role to guide the investors as refer to Figure 7.1. Product Product is a key element in the overall marketing offering. (Armstrong, G. Kotler, P., 2007). From Figure 7.2, there are three levels of products which are core benefits, actual product and augmented product. In order to evaluate the product element in Brazil, it is important to understand their lifestyle, habit and their consumption behaviour. Nowadays, Brazilian demand more IT products such as mobile phone, computers and software. Moreover, as Brazilian are becoming more wealthy, the demand of housing and transportation are increasing (Laposte, 2010). Most Brazilian including the low-income population is loyal to brands. Those people with the upper-middle classes are pay attention on the quality and the value-added services such as the warranty or after-sales services. They will not reject the foreign goods although they have the national pride (Laposte, 2010). As a result, based on the three levels of product, in order to design the product to enter into Brazil, it is recommended that import the convenience, shopping and specialty products to satisfy both low and high income group. For the low income group, the core benefit of the product should be high quality commodities with low price such as toothpaste. For the high income group, the core benefit of the product should be strong brand preference such as luxury goods. Price Price is the amount of money charged for a product or services (Armstrong, G. Kotler, P., 2007). As there is a wide gap of rich and poor in Brazil, the price setting should based on the target segment which is the segmented pricing. Segment pricing is selling products or services at two or more prices which difference in price not differences in costs (Armstrong, G. Kotler, P., 2007). If the target segment is the low-middle class, the price setting should be lower. If the target segment is the high-middle class, the price can be higher as they are less price-sensitive. Place (Distribution Channel) Marketing channel is a set of independent organization that help make the product or service available for use or consumption by the consumer or business user (Armstrong, G. Kotler, P., 2007). When enter into Brazil, producers cannot sell the goods directly to the final users. As a result, the intermediaries are playing the important role to bring the products to the markets. In Brazil, supermarket is becoming more important for the distribution channel as it made 80% of sales (Laposte, 2010). There are several large local wholesalers and retailers in Brazil. When entering into Brazil, it can choose the major wholesaler as the intermediaries to help bringing the foreign products to Brazilian. Promotion Promotion mix is the specific mix of advertising, personal selling, sales promotion, public relations and direct marketing that a company uses to persuasively communicate customer value and build customer relationships. (Armstrong, G. Kotler, P., 2007). In order to make the effective promotion in Brazil, it is going to discuss on the media environment in Brazil. Television has the lowest average Advertising Index in the world (Anonymous, 2006). However, it was the most effective promotion tools to Brazilian. Refer to Table 7.1, TVs penetration is 97.4% which was dominant. Brazilian watched television over five hours per day. As a result, the promotion should mainly focus on television which has a high coverage. Moreover, there is another new opportunity to promote in Brazil which is direct e-marketing such as telemarketing, e-mail etc. These can be used as the promotional tactics but not to maintain the relationship between the customers and companies (Laposte, 2010). The most effective way of the promotion strategy should be the pull strategy which spends a lot on advertising to create customers demand on products (Armstrong, G. Kotler, P., 2007). In addition, the promotional message on advertising should be reflecting Brazils culture such as Brazilian is enthusiasm. Conclusion Brazil has steadily improved macroeconomic stability, building up foreign reserves, reducing its debt profile by shifting its debt burden toward real denominated and domestically held instruments, adhering to an inflation target, and committing to fiscal responsibility. Brazils potential can be maintained and sustained in future of development.

All of Childhood is Essentially Preparation for Adulthood

It is said that all of childhood is essentially preparation for adulthood. Children, during the precious few years they spend without the responsibility, awareness and experience to be considered adults, watch and mimic the world around them, for it is by mimicking that they learn to become adults themselves. Both â€Å"Werewolves in Their Youth†, by Michael Chabon and â€Å"The Man in the Well†, by Ira Sher, promote the supposition that all of childhood is preparation for adulthood, by revealing characteristics and attitudes in young children that show glimpses of the world and environment in which they were raised and by which they were shaped.Both stories, additionally, give insight as to what it is that separates adults from children, both by contrasting adult and child characters and by leading the reader to a directed realization of what characteristics of behavior define adulthood. In â€Å"The Man in the Well†, Sher begins by having the nine year old chil d, whose name is the only one among all of the children that we never learn, state that although he remembered that the children had made the decision not to help the man stuck in the well, he didn’t remember if they’d given themselves a reason for not helping.(Sher, 1) The act of making a decision without giving a reason is both very childlike and very adult-like. Children, without the ability to make critical decision and employ as rational thought as adults, often make decisions without reasons, functioning mainly on impulse. Will I swing on the swings or ride the slide? Slide it is – but why? But failing to give a reason for a decision can also be a very adult-like quality. After all, hasn’t everyone heard their mother voice the statement â€Å"I don’t need a reason, I’m your mother†?Adults and especially parents will often make a decision without giving a reason to enforce that they are beyond needing to give a reason and should not be questioned by virtue of their status as adults. So while the children’s decision not to help the man in the well was not supported by a reason, and while that may have only been a sign of childhood impetuousness, it can also be a sign of imitating the adults that have provided the examples to follow in their lives.The next sign in â€Å"The Man in the Well† the childhood is essentially preparation for adulthood is in the children’s unwillingness to give their names to the man in the well, exhibited by the careful way in which they talk and the embarrassment felt when one child’s name is accidentally revealed. (Sher, 3) This, like making decisions without giving reasons, can also be seen as both an adultlike and a childlike trait, bridging the behaviors of one generation to the next. Remaining nameless is a way to hide, and in a situation where the children are already a bit fearful and unsure of their own actions, hiding is natural instinct.Indeed, when the boy whose name has been revealed decides to reveal the names of all of his friends who have also ignored the plight of the man in the well, the protagonist compares the faces of the children clustered around the well as their names are announced to the faces of â€Å"spectators in the freak tent when the circus† comes to town. (Sher 5) This comparison shows an awareness of behavior that is startling adult in nature. As Aaron brings everyone out of hiding by announcing names, they begin to see themselves as if watching a carny at the fair. Without the cloak of anonymity to hide behind, awareness is built.This is a very adult-like reaction, in that roles are often carried out anonymously in the adult world, to protect at times and to cloak in others. How many accused criminals know the names of the jurors in whose hands their fate is held? How many American citizens know the names of the cabinet members and advisors that the president uses to make decisions that will impact both the country and the world? There is safety in anonymity. Similarly, in â€Å"Werewolves in Their Youth†, the children, Timothy and Paul, find safety in creating roles and identities for themselves beyond those by which their parents, teachers and friends know them.Both children have suffered difficulties at home and at school. Timothy seems to have lost a father to Vietnam and Paul’s own father seems to be on his way out of his life, the result of an imminent divorce. (Chabon 2, 4) Both mothers are depicted as frazzled women trying to do their best. And both Timothy and Paul have attended the same doctor, implied to be a psychiatrist, perhaps as a result of their home lives or perhaps a result of the teasing they face in school and the perception that they are each other’s only friend.(Chabon, 8) Therefore, it is in the roles that they create for themselves, similar to the anonymity in â€Å"The Man in the Well†, that they find safety. This, a t first, can seem to be a very childlike reaction – two children entering into a land of make believe in order to shelter themselves from the outside world. However, it is a very psychologically profound reaction that shows their tendencies toward adulthood. We see in Paul’s behavior his imitation of his mother, even in his role as â€Å"Ant-Man†. His mom, apparently a realtor, is his basis for the behavior he exhibits when showing ants around in the village he has created for them.(Chabon, 1) He perceives his mother’s role as a realtor as a powerful one, apparently, because in transforming into his role as Ant-Man, he exhibits power over the ants. One of the clearest examples of childhood as preparation for adulthood occurs towards the end of â€Å"Werewolves in Their Youth†. Paul has been extremely reluctant to be lumped in with Timothy and exhibits defiant behavior when they are in the office together, turning his back on what he has already ack nowledged is his only friend. Mrs.Gladfelter, the children’s teacher, has tried valiantly to convince Paul to help Timothy come out of the character he has assumed and used to terrorize girls on the playground: that of a werewolf. Paul, caught in the trap of childhood, tries to convince himself that he sees signs that Timothy is actually a werewolf, seeing a â€Å"werewolf glint† (Chabon, 7) in his eyes and the â€Å"thin, dark down of wolfish hair† upon his cheek (Chabon, 9). He struggles to make adult sense of this, however, and is torn by his desire to distance himself from this friend and the desire to help.He finally makes his decision: he will help. Donning the persona of the professor that Timothy has repeatedly referred to him as, he plays into Timothy’s fantasy that he’s not yet found an antidote for his werewolfism. As he’s being lead out of the office and back to class, he stops, turns around and with his imaginary gun, takes care ful aim at Timothy, telling him that he’s going to shoot him with a dart filled with antidote and tranquilizer. He then pretends to shoot at Timothy, and Timothy, well within this fantasy world himself, proclaims himself cured.(Chabon, 10) To the bystander, it might appear that these are simply two kids playing a game, but Paul has the adult awareness to see that his teacher is looking at him approvingly for his actions. This is not different from how many parents cope with the ills their children suffer – engaging in fantasy to heal wounds and distract from pain. Both Chabon and Sher clearly show in the characters they have created that the actions and reactions children work through during childhood is an imitation of the adult world in which they live.Because of that imitation, the children are forming their future selves for the adults that they will someday become – preparing for adulthood starts young. By looking at the short stories by these authors, trai ts are shown that differentiate children from adults. The key trait, beyond age and experience, that separates adults from children is awareness. In the Chabon story, Paul becomes aware at the end that he must take actions to help his friend Timothy, and that without those actions, Timothy might not be able to battle his own demons and get back to acting in a normal fashion.This awareness is a giant leap for Paul towards the responsible adult that he will become. In the Sher story, we leave off with the adult feeling of guilt – the nameless protagonist leaves the well for the final time and vows never to return. (Sher, 6) The child has become aware that his actions have been shameful – he and his friends have left a man in the well to die, instead of obtaining help that is so readily available. He is also aware that all of the children feel equally guilty, as upon their last trip from the well, they could not look into each other’s lives. This character has also taken a giant leap towards adulthood.Many children mess up while young and commit deeds for which they later feel sorry, but few contribute to a man’s pain and suffering and assumed death in such a way that it will haunt the rest of their lives. This situation will either impact the child to lead a respectable life later on, to make up for his actions, or will go on to commit later actions in a similar vain, having rationalized his childhood experience. Either way, he has begun his preparation for adulthood. References Chabon, Michael. â€Å"Werewolves in Their Youth†. Random House: 1999. pp. 1-10. Sher, Ira. â€Å"The Man in the Well. † Chicago R

Monopolies good or bad Essay

A monopoly is a single company that owns all or nearly all of the markets for a type of product or service. A monopoly is at the opposite end of the market structure. It is where there is no competition for goods or services and a company can freely charge a price or prevent market competition. Monopolies have three built in assumptions, one seller, no substitutes or competition, and extremely high barriers to entry. Examples of monopolies are public utilities and US Postal Service. So what are the social characteristics of monopolies? They act as the single supplier. The organization can gain complete control over the market by becoming the sole provider of a good or service. The lack of competition leaves a company with greater control over the quality of production. It also gives the company the ability to pump up prices without the fear of being challenge by other companies. This forces the customer to either buy from the monopoly or go without. A monopoly has access to specialized information. By doing this, the company maintains complete control over the market. This information may give the company the benefit of special production practices. The specialized information may also come in the form of legal tips regarding trademarks, copyrights and patents. Taking control over this special information gives the company an edge while leaving all of its competitors at a disadvantage. A monopoly has a unique product. The organization gains control over the market by offering a product or service that is unlike any other. The product or service does not have a substitution. The company may use specialized information such as legal patents, copyrights and trademarks in order to establish legal authority over the production of certain goods and services. So over all are monopolies good for the economy? Since monopolies are the only provider, they can set pretty much any price they choose. They can do this, regardless of the demand, because they know the consumer has no choice. Not only can monopolies raise prices, they can also supply inferior products. Monopolies are also bad for an economy because the manufacturer has no incentive to innovate, and provide new and improved products. Another reason monopolies are bad is that they can create inflation. Since they can set any price they want, they will raise costs to consumers. To answer the questions are monopolies bad for the economy the answer is yes. They are not good for the consumer or economy that is why they are so limited here in the US. Usage Examples Login or Register to see usage examples. Recommended Articles from InvestorGuide. com Short Selling Understanding the True Cost of Credit Cards Buying and Selling Bonds Treasury Bonds IRAs And The Economy Investing Tips Reasoning by Analogy I’d say most of the ideas that have made money for the portfolio have been the result of some form of reasoning by analogy. One example: Applying well-understood U. S. investment ideas to markets out †¦ Read more Related Videos.

Essay on Nature vs. Nurture in Blood Brothers - 791 Words

Nature vs. Nurture in Blood Brothers As the play goes on, it becomes more and more apparent that Willie Russell believes that nurture has a lot more to do with the outcome of someone that nature. He presents this by splitting two twins at birth and tells of how they were brought up in very different ways, one in a rich and posh family, Eddie, and one in a big, poor family, Mickey. He does not go into any detail about how exactly they are brought up, however, it is quite clear that Eddie has been to a private school and has had a lot of attention in the first seven years of his life. On the other hand, Mickey appears to have not received much attention and would almost definitely have gone to a poor school. When they meet,†¦show more content†¦You say smashing things, don’t you?† Mickey says things like pissed off and he later says ‘the F word’. He doesn’t know what they mean but has probably heard them being said around the house or estate by older people who he wants to be like. Eddie obviously hasn’t heard words like this before as he was brought up in a well-spoken family and environment and compared to Mickey has had very little taste of the outside world. He also says words like smashing which you would never hear Mickey say. He’d probably say something like great or any much simpler word and when he’s older he would probably swear somewhere in the sentence. Their accent obviously isn’t heard but it is extremely likely that Mickey has a broad Scouse accent whereas Eddie probably has a normal slightly posh accent. Mickey is a lot less educated than Eddie is. This has much to do with the wealth of their parents and the time that they have for their child. Mickey is the last of 8 children in total, so he will have had a lot less time with his mum in a single parent family. â€Å"With seven hungry mouths to feed and one more nearly due.† Eddie looks up words that he doesn’t know in a dictionary. Just after Mickey tel ls him the F word he says â€Å"Fantastic. 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Read MoreClass and Social Difference in Blood Brothers by Willy Russell1746 Words   |  7 PagesIn the play Blood Brothers Willy Russell explores the differences between a working class family and a middle class family during the downturn of industry in Liverpool in the 1960 and 70’s, resulting in The Recession in the early 1980’s. There is a twist on the fact that they are just two opposite class families – Mickey and Edward. They are two genetically identical twins; however Mickey was brought up in a working class family and Eddie in a middle class family. By using these two complete extremesRead MoreSerial Killers, Are They Born or Made?3551 Words   |  15 PagesResearch paper Serial Killers: Are They Born or Made? There are many theories as to why people become serial killers. Almost all of these concepts are associated with the Nature vs. Nurture theory. Are serial killers born with the need to kill, or is it something that they learn to long for as they grew up? Many believe that the nurture theory is the likely concept to believe; that serial killers are created from bad childhood experiences including being abused by their parents, or molested at an earlyRead MoreCorrelations between Creativity and Mental Illness Essay1604 Words   |  7 Pagesmost fascinating challenges of contemporary neuroscience. The capacity to be creative, to produce new concepts, ideas, inventions, objects or art, is perhaps the most important attribute of the human brain. We know very little, however, about the nature of creativity or its neural basis. Some important questions include: how should we define creativity? How is it related (or unrelated) to high intelligence? What psychological processes or environme ntal circumstance cause creative insights to occurRead MoreEssay about Identical Twins1383 Words   |  6 PagesPhysical traits, habits, and psychological similarities. With having similarities twins have also been known to have just as many differences, some would include how they were brought up and what kind of environment they were brought up in or Nature VS. Nurture. Epigenetic differences to include inherited genes such as schizophrenia or autism. When having twins you are at a higher risk for birth or development complications lower birth weight for the twins or the twins at risk for prematurity. Twin